520 Shares in Chipotle Mexican Grill, Inc. (CMG) Acquired by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the second quarter, Holdings Channel reports. The institutional investor acquired 520 shares of the restaurant operator’s stock, valued at approximately $216,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Corundum Group Inc. acquired a new position in shares of Chipotle Mexican Grill during the first quarter worth about $223,000. Beese Fulmer Investment Management Inc. increased its position in shares of Chipotle Mexican Grill by 1.1% in the first quarter. Beese Fulmer Investment Management Inc. now owns 3,088 shares of the restaurant operator’s stock worth $1,376,000 after buying an additional 33 shares during the period. Cim LLC increased its position in shares of Chipotle Mexican Grill by 12.5% in the first quarter. Cim LLC now owns 11,356 shares of the restaurant operator’s stock worth $5,059,000 after buying an additional 1,261 shares during the period. Heritage Investors Management Corp increased its position in shares of Chipotle Mexican Grill by 4.6% in the first quarter. Heritage Investors Management Corp now owns 12,115 shares of the restaurant operator’s stock worth $5,397,000 after buying an additional 529 shares during the period. Finally, Tompkins Financial Corp increased its position in shares of Chipotle Mexican Grill by 338.9% in the first quarter. Tompkins Financial Corp now owns 417 shares of the restaurant operator’s stock worth $197,000 after buying an additional 322 shares during the period. Hedge funds and other institutional investors own 97.27% of the company’s stock.

Chipotle Mexican Grill, Inc. (NYSE CMG) opened at 334.61 on Thursday. The stock has a market capitalization of $9.54 billion, a PE ratio of 71.93 and a beta of 0.62. Chipotle Mexican Grill, Inc. has a 52 week low of $328.88 and a 52 week high of $499.00. The firm has a 50-day moving average price of $379.94 and a 200-day moving average price of $428.51.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.16. Chipotle Mexican Grill had a return on equity of 10.65% and a net margin of 3.17%. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the company earned $0.87 earnings per share. The firm’s revenue was up 17.1% on a year-over-year basis. Equities research analysts predict that Chipotle Mexican Grill, Inc. will post $7.73 EPS for the current fiscal year.

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A number of brokerages have issued reports on CMG. Vetr upgraded Chipotle Mexican Grill from a “sell” rating to a “hold” rating and set a $493.69 price objective for the company in a research note on Monday, May 15th. ValuEngine upgraded Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Stephens upped their price objective on Chipotle Mexican Grill from $325.00 to $350.00 and gave the company an “underweight” rating in a research note on Wednesday, April 26th. Royal Bank Of Canada upgraded Chipotle Mexican Grill from a “hold” rating to an “outperform” rating in a research note on Thursday, April 27th. Finally, Nomura restated a “hold” rating and issued a $510.00 price objective on shares of Chipotle Mexican Grill in a research note on Friday, April 28th. Seven analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Chipotle Mexican Grill presently has an average rating of “Hold” and a consensus target price of $405.15.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc (Chipotle), together with its subsidiaries, operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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